Digital Freight Forwarder Market – Latest Scenario on Innovation, Revolutionary Opportunities and Top Consumers 2030| Twill, Freighthub, Flexport

Published September 21, 2023

The Digital Freight Forwarder Market was experiencing significant growth and disruption within the logistics and shipping industry. The growth of the global Digital Freight Forwarder Market is majorly driven by factors such as expansion of the e-commerce industry and rise in free trade agreements. However, poor infrastructure & higher logistics costs and stringent regulations for air freight hinder the market growth. On the contrary, rise in adoption of direct-to-consumer (DTC) e-commerce logistics and cost cutting and lead time reduction due to adoption of multi-modal system are expected to open new avenues for the market growth during the forecast period.

“The Digital Freight Forwarder market is estimated to grow at a CAGR of 21.77% between 2023 and 2030.”

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“Demand for Digital Freight Forwarder Market to Facilitate Market Development”

In the upcoming years, e-retail revenues are expected to increase even more quickly. One of the most common internet activities worldwide is shopping, and as a result, domestic and international e-commerce is flourishing in emerging economies like China, India, and Indonesia. This includes shipments of consumer-packaged products, electronics, and medications in addition to direct-to-consumer shopping. Even product producers are gradually switching from conventional freight forwarding to digital freight forwarding as internet availability increases. Digital freight forwarding offers many advantages, including immediate quotations, clear pricing, carrier and rate comparisons, tracking, simple documentation, and more.

“Evolution of Logistics to Promote Industry Progress”

The logistics sector is evolving into a paperless, digital sector to enable Digital freight forwarder market growth. E-commerce players are looking for ways to cut down on the costs and times associated with order delivery. Transparency in price, convenience, delivery times, and luring uninterrupted returns are the driving forces behind the e-commerce business. To fulfill this need, new business models and solutions must be created by automating material handling, warehouse management, and distribution management systems and digitizing logistics processes. Nearly half (44%) of consumers, according to Conveyco, stated they would be willing to wait two days for products to arrive via swift delivery. In terms of last-mile delivery options and simple return procedures, this has led to more effective and varied fulfillment services.


“High Initial Capital Expenditure to Hinder Market Growth”

Many small- and medium-sized freight forwarders are unable to implement digitalization in their management system due to their high initial capital expenditure (CAPEX), ownership of expensive complex equipment, and license cost of the software. Additionally, these firms’ overall costs go up because educated and expensive human resources are needed to operate the advanced hardware and software. Cost sensitivity will need to be addressed even by large digital freight forwarder market participants that have the potential to digitalize their operational management. The development of the worldwide digital freight forwarding sector may be slowed down by a lack of infrastructure, expensive logistical costs, and strict rules for air freight.

Most Prominent Players in the Market are Twill, Freighthub, Flexport, FreightAmigo Services Limited, Maersk, CMA CGM, Kuehne + Nagel, Shypple, Zencargo, FLEET

This report segments the Digital Freight Forwarder Market on the basis of Types are:

Book Shipments

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Track SKUs


On the basis of Application, the Digital Freight Forwarder Market is segmented into:

Sea Freight

Air Freight

Rail Freight

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Unlocking Regional Dynamics: In-Depth Insights into Digital Freight Forwarder Market Trends by Geography:

A substantial share digital freight forwarder market is held by North America. The developed economies of the concerned nations will enable them to make significant investments in cutting-edge digital logistics services and solutions. The cost of digital transformation in the logistics industry is anticipated to reach $13.2 billion in the United States by 2020, according to transport and logistics news. Currently, the nation has 28.98% of the digital freight forwarder market. Commercial logistics and transportation are the foundation of the North American economy. Due to regulatory developments like the Compliance, Safety, and Accountability Act, North America’s digital freight forwarder market is expanding at a moderate rate.

Digital Freight Forwarder Market – Covid-19 Impact and Recovery Analysis:

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain including Digital Freight Forwarder industry. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Digital Freight Forwarder. This report on Digital Freight Forwarder Market provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation in the Digital Freight Forwarder industry.

FAQs: –

1.Who are the major manufacturers who dominate the world Digital Freight Forwarder Market?
2. What is their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
3. What are the market’s risks and opportunities?
4. Who are the major players in the Digital Freight Forwarder Market on a worldwide scale? What is the state of their business?
5. What are the market opportunities and dangers for the worldwide Digital Freight Forwarder Market?
6. Which application, end-user, or product category would be looking for additional growth opportunities?

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Key inclusions of the Digital Freight Forwarder market report:

Market Overview: A concise introduction to the Digital Freight Forwarder market, highlighting its significance and scope.

Manufacturer Profiles: Detailed information about key players in the market, including their business profiles and strategies.

Type and Application Analysis: Comprehensive examination of the various types and applications within the Digital Freight Forwarder market.

Regional Analysis: Insights into market trends and opportunities specific to different regions.

Competitive Landscape: Assessment of the competitive dynamics, including market share, SWOT analysis, and strategies of key players.

Investment Strategies: Examination of investment opportunities and strategies for businesses in the Digital Freight Forwarder market.

CAGR Status: Information on the Compound Annual Growth Rate to understand the market’s growth potential.

Industry Trends: Exploration of current and emerging trends shaping the Digital Freight Forwarder market.

Cost Dynamics: Analysis of manufacturing and operational cost considerations.

Value and Volume Insights: Data on the market’s value and volume metrics.

Revenue and Productivity Forecasts: Projections for revenue generation and overall productivity over a specified forecast period.

Market Scope: Definition of the report’s coverage and the extent of market analysis.

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